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Real Estate

What do title insurers expect from lawyers?

real-estate

Still relatively new in Canada, title insurance is not fully understood by many consumers. Even certain less-sophisticated lenders lack detailed knowledge of the product. The responsibility for explaining title insurance to those who purchase it – and for supporting insureds in obtaining coverage that suits their needs – falls squarely on lawyers’ shoulders. Lawyers are… Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance

Teraview tip: Is searching by municipal address getting you the right property?

real-estate

Do you search by municipal address when using Teraview software? LAWPRO defence counsel have reported seeing construction liens filed on the wrong property where lawyers solely relied on municipal addresses. Note that Teraview presents you with an onscreen caution that “Addresses are approximate.” It is the legal description that determines which property is being impacted…. Read More »

Categories: Real Estate

Real estate value fraud – alive and kicking

real-estate

Is your client purchasing a property with a significant increase in value within a short period of time? It may be prudent to ask some questions before proceeding: Have there been any renovations done on the property? Are there other factors which could explain the increase in value? Was it listed on MLS? Are real… Read More »

Categories: Real Estate

TitlePLUS Tips: Keeping up with the changing nature of condominiums

real-estate

Over the past two decades, as the popularity of condominiums has increased, the legal concept of the condominium has changed and expanded dramatically in various parts of Canada. The definition of “condominium” is no longer limited to the commonly held perception of a stand-alone residential apartment building. In Ontario, for example, the Condominium Act, 1998… Read More »

Categories: Real Estate
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